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Bank of NT Butterfield & Son (NTB) Q1 Earnings and Revenues Surpass Estimates
NTBThe Bank of N.T. Butterfield & Son (NTB) ZACKS·2025-04-23 23:15

Core Insights - Bank of NT Butterfield & Son reported quarterly earnings of 1.30pershare,exceedingtheZacksConsensusEstimateof1.30 per share, exceeding the Zacks Consensus Estimate of 1.03 per share, and showing an increase from 1.17pershareayearago,resultinginanearningssurpriseof26.211.17 per share a year ago, resulting in an earnings surprise of 26.21% [1] - The company achieved revenues of 147.8 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 6.56% and up from 142.2millionyear−over−year[2]−Thestockhasgainedapproximately3.9142.2 million year-over-year [2] - The stock has gained approximately 3.9% since the beginning of the year, contrasting with the S&P 500's decline of -10.1% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is 1.05 on revenues of 139.7million,andforthecurrentfiscalyear,itis139.7 million, and for the current fiscal year, it is 4.40 on revenues of $567.9 million [7] - The estimate revisions trend for the company is mixed, leading to a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Banks - Foreign industry, to which Bank of NT Butterfield & Son belongs, is currently ranked in the top 7% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]